GBPUSD 4H SHORT
GBPUSD 4H SHORT
What are we expecting?
- GBP Weakness - USD Strength = GBPUSD Short Trades.
What is our confirmation?
- Currently in Wave C being the longest wave which validates that we believe that price will push up higher into our Fib Levels Highlighted.
- The DAILY TF is bearish, as this push up is a deep retracement into the 0.50% fib levels.
Where shall we enter?
- We can enter a safe position once we form a Risk Trendline as this will confirm that this is the Wave C.
- Once WFB is broken Once set on lower TF, expect some form of correction, enter on the break of correction.
Once entered where will our SL BE?
- SL will be above FIB Levels for safe SL
Targets?
- Daily Lows
What are we expecting?
- GBP Weakness - USD Strength = GBPUSD Short Trades.
What is our confirmation?
- Currently in Wave C being the longest wave which validates that we believe that price will push up higher into our Fib Levels Highlighted.
- The DAILY TF is bearish, as this push up is a deep retracement into the 0.50% fib levels.
Where shall we enter?
- We can enter a safe position once we form a Risk Trendline as this will confirm that this is the Wave C.
- Once WFB is broken Once set on lower TF, expect some form of correction, enter on the break of correction.
Once entered where will our SL BE?
- SL will be above FIB Levels for safe SL
Targets?
- Daily Lows
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.